NIPC engages Singapore Investors on Enterprise Development

The Nigerian Investment Promotion Commission (NIPC) recently hosted a
Business Forum in Singapore at the offices of Enterprise Singapore, the
Singaporean government agency that champions enterprise development. This was
as a side-line event to the Africa Singapore Business Forum (ASBF), a premier
platform for business exchange and fostering trade between Africa and Asia.

In her presentation, the Executive Secretary, NIPC Ms Yewande Sadiku
highlighted the on-going efforts of the Nigerian government to improve the
business environment through the work of the Presidential Enabling Business and
Economic Council (PEBEC) which led to the 24-point improvement in Nigeria’s
ease of doing business ranking and shared details of NIPC’s work in identifying
Singapore as a country of strategic importance for investment promotion.

Citing the efforts of NIPC in projecting Nigeria’s investment climate
and opportunities through the online investor’s guide (iGuide), the Compendium
of Investment Incentives, etc, she invited Singaporean investors to take
advantage of investment opportunities in various sectors of the Nigerian
economy. She also referred to NIPC’s ongoing efforts to profile investment
opportunities across the country to give them more visibility. The NIPC team at
the event held discussions with several potential investors.

The ASBF is a biennial event organised by Enterprise Singapore to bring
together business and government leaders from Africa and Asia to explore
partnership and growth opportunities.

The 2018 event, the fifth edition, was held on 28-29 August 2018 and
attracted 520 delegates from 44 countries. The Forum addressed critical issues
relating to doing business in Africa and identified opportunities in key
sectors such as infrastructure, real estate, manufacturing, digital technology,
oil and gas and projects financing in Africa. NIPC made a country presentation
at the event.

Nigeria’s delegation to ASBF 2018 comprised of a mix of government
officials and the private sector, including Nigeria’s Ag. High Commissioner to
Singapore, Mr Ogbole Amedu Ode, the Executive Governor of Taraba State, His
Excellency, Darius Ishaku, Honourable Minister of State for Industry, Trade and
Investment, Hajia Aisha Abubakar, representatives of Sokoto and Ondo States,
private companies such as Jumia, Olam, Tolaram.

Enterprise
Singapore has successfully facilitated close to 50 projects for
Singapore companies in #Africa in the last two years. 80% of these
projects were undertaken by small and medium enterprises